Indian Emulsifiers Limited's Rights Issue Committee has approved the allotment of 61,11,000 Rights Equity Shares, concluding its recent Rights Issue.

The shares were issued at ₹80 each, which included a premium of ₹70 per share.

This successful capital raise brings in approximately ₹48.89 Cr for the company.

This substantial infusion of capital is expected to bolster Indian Emulsifiers' financial strength, supporting its ongoing operations and future strategic growth initiatives, benefiting stakeholders.